The Horizon inflation policy incentivizes collateral and liquidity providers. The Horizon protocol functions around collateral to back synthetic assets (zAssets) linked to real world assets using price oracles. There is a 0.3% transaction fee when trading zAssets that translates directly into rewards for those staking HZN and providing liquidity in LPs. We project…
Happy Chinese New Year!
We are pleased to announce the milestones we have reached during the CNY holiday period, the items we are currently focusing on, and things to expect in the foreseeable future.
The staking smart contracts for Horizon have passed an independent security audit by Knownsec and no risks were detected. You can find the detailed report here. The security audit for the Genesis platform and Horizon Token Contract (HZN) is currently underway.
Horizon Protocol development is currently centered on the prerequisites for mainnet launch of the Horizon Token (HZN). There are four core goals to achieve this:
The first phase of the Horizon Testnet launch is complete.
The migration of code and smart contracts from the Ethereum chain to the Binance Smart Chain has been successful. Now we move forward to test the functionality and user interface of the Horizon Genesis dApp. At this time, the current front-end features available on the Genesis dApp are minting, burning and claiming. You will be able to mint hUSD by staking HZN and thereby incurring a debt that’s maintained by a collateralization ratio. Burning hUSD in effect repays debt and allows for reclaiming of HZN or managing the collateralization ratio…
Horizon is a new DeFi platform that facilitates the on-chain trading of synthetic assets that represent the real economy. Horizon seeks to provide exposure to real-world assets risk/return profiles via smart contracts on the blockchain. Forked from Synthetix, Horizon will leverage the time-tested derivative liquidity protocol and bring interoperability, scalability and a whole new array of tradable, real-world derivative products to the DeFi ecosystem. Our commitment to the Binance ecosystem and native implementation on Binance Smart Chain (BSC) offer users the speed and dependability that is currently lacking on the Ethereum blockchain.
A DeFi platform facilitating the creation of on-chain synthetic assets representing the economy.